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jacking up interest rates, raising bar owing costs. on thursday our first look at u.s. economic growth for the second quarter, another decline in gdp is expected. of course, two quarters of a loss in a row is a sign of a recession, so are we head there had? here is the treasury secretary. the labor market is now extremely strong. we are in a period of transition in which growth is slowly. we re likely to see some slowing of job creation, but i do i don t think that that s a recession. a recession is broad-based weakness in the economy. we re not seeing that now. we re not seeing that now, but here is this from someone who used to have that job, the former treasury secretary larry somers. i think there is a very high likelihood of recession when we ve been in in kind of situation before. recession has essentially always followed when inflation has been high and unemployment has been low. soft landings represent a kind of triumph of hope over experience, i think we re v
Western-u-s-EconomyNewsNew-yorkThanksStartHealthViewersAvalancheMain-streetWall-streetAround-the-world hello there. there have been some fairly big weather contrasts across the uk today. across western areas we ve had some thicker cloud bringing outbreaks of rain. some wet weather near the belfast area earlier on today, but it s not that has been one of the features forjuly. that has barely been a drop of rain. although there is some rain in the forecast, the majority of it as a cross of western areas, there will be little if any rain reaching parts of east anglia and south east england over the next few days, where it has been particularly dry. on a saturday, we did have some pulses of rain, turning heavily towards the end of the day in western scotland. the air of pressure responsible will feed up some pretty soupy area. it will be shimmied into sunday, some high temperatures for eastern england. across the north and west, we have got the rain. it will be heavy 4 times for errors of northern ireland and western areas of scotland. 3 south east of that, it is dry with some war
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